The European Commission gave the green light, based on the EU merger regulation, for the acquisition of ELLAKTOR by the Dutch Reggeborgh Invest BV
According to the announcement, ELLAKTOR is an infrastructure group that operates mainly in the fields of construction, concessions, environment, renewable energy and real estate development and services in Greece and Romania. Reggeborgh is an investment group with a portfolio that includes activities in the construction, industrial supply and infrastructure, waste treatment and renewable energy sectors, mainly in Belgium, Germany and the Netherlands.
The Commission concluded that the proposed acquisition would not raise competition concerns, given that ELLAKTOR and Reggeborgh operate in different geographic markets.
It should be noted that approval had to be given by the European Competition Commission for the increase in Reggeborgh’s share in ELLAKTORA that will result from the ongoing public proposal.
It was therefore held that even if Reggeborgh buys 100% of ELLAKTORA, competition is not violated.
Source: Capital
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